XOP Options History — January 2020

In January 2020, XOP traded between $76.72 and $97.76. ATM implied volatility averaged 30.5%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 3.2% (HV 20d: 27.3%). Max pain ranged from $88.00 to $96.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 1.17.

Notable Days

  • 2020-01-31: Highest Volume — 62,176 contracts
  • 2020-01-27: Largest IV spike — 12.6% change
  • 2020-01-31: Highest IV Rank — 54.0%
  • 2020-01-31: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.09$76.72$97.76$94.16$76.72
Max Pain$93.52$88.00$96.00$96.00$88.00
ATM IV30.5%27.6%37.0%30.4%37.0%
Expected Move8.7%7.9%10.8%8.6%10.8%
HV 20d27.3%23.8%30.3%29.3%27.4%
HV 60d32.0%29.9%33.2%32.1%29.9%
IV Rank16.8%0.2%54.0%16.3%54.0%
IV Percentile27.8%0.4%82.5%30.2%82.5%
Term Structure0.4%-0.5%2.4%0.8%0.4%
VWIV30.5%27.5%36.7%30.5%36.7%
Skew 25d2.4%1.1%4.4%2.0%4.4%
Skew 10d4.6%1.8%9.0%4.3%9.0%
Call IV 25d29.4%26.7%34.8%29.5%34.8%
Put IV 25d31.9%28.6%39.2%31.5%39.2%
Bid-Ask Spread %1.781.452.941.632.04
Gamma HHI0.190.120.500.120.15
Net GEX-27.4M-88.6M20.6M565.3K-26.2M
Net DEX1.11B160.6M1.64B656.9M1.50B
Net VEX-8.5M-9.6M-7.4M-9.5M-7.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.392.620.711.45
Total Volume35,583.90514,53362,17614,53362,176
Total OI684,794.905457,130836,614768,112568,701

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-01-02$94.16$96.0030.4%8.6%29.3%16.3%30.5%2.0%0.8%565.3K656.9M-9.5M0.711.638,5236,010347,887420,225
2020-01-03$95.92$96.0030.8%8.9%28.0%18.6%31.5%1.2%0.3%20.6M396.4M-9.6M0.431.5327,58611,856353,017420,719
2020-01-06$96.76$96.0031.3%9.0%27.2%21.6%31.2%1.8%0.2%3.8M308.9M-9.4M0.391.6935,50913,703348,860426,288
2020-01-07$97.76$96.0030.4%8.9%25.2%16.7%31.0%2.1%0.4%7.6M160.6M-9.6M0.792.6618,07214,218354,393436,954
2020-01-08$94.04$96.0030.3%8.5%30.0%15.7%30.7%1.1%0.1%-10.4M848.1M-9.4M1.601.6721,82434,923365,740445,099
2020-01-09$93.64$96.0029.5%8.6%30.1%11.0%29.9%1.4%0.0%-15.1M873.4M-9.4M1.091.4523,05525,082371,541452,633
2020-01-10$92.80$96.0029.1%8.3%30.3%9.1%28.8%2.3%0.3%-26.9M1.10B-9.4M1.001.5912,54812,565369,332466,367
2020-01-13$91.36$96.0029.1%8.3%28.1%9.0%28.9%1.4%-0.2%-33.8M1.34B-9.0M1.271.5611,70914,885361,488455,970
2020-01-14$92.60$96.0028.9%8.2%26.5%7.7%29.0%1.8%-0.5%-39.7M1.12B-9.1M1.431.647,12310,174360,885464,101
2020-01-15$91.20$96.0028.6%8.2%25.0%6.0%28.9%1.9%-0.0%-48.7M1.34B-8.9M1.671.547,94813,236363,285463,793
2020-01-16$91.20$96.0027.6%7.9%23.8%0.2%27.5%1.5%0.0%-67.9M1.39B-8.7M0.891.5910,9609,789366,062464,171
2020-01-17$89.76$96.0027.8%8.0%24.0%1.6%27.8%2.5%0.1%-88.6M1.64B-8.5M1.031.5917,82118,384369,923466,691
2020-01-21$86.72$92.0029.0%8.3%26.3%8.2%28.7%2.2%0.6%-31.0M1.05B-8.1M2.621.768,78022,986159,592297,538
2020-01-22$84.64$92.0028.5%8.2%27.3%5.5%28.1%2.3%2.4%-34.4M1.22B-7.8M1.011.6212,21112,370165,199308,742
2020-01-23$83.56$92.0029.2%8.4%25.5%9.7%29.8%2.6%0.3%-35.2M1.27B-7.7M1.272.9419,25424,448171,847311,901
2020-01-24$81.44$92.0030.8%8.8%26.4%18.4%31.3%4.4%0.8%-29.9M1.38B-7.8M1.951.7717,28833,689184,765323,023
2020-01-27$78.88$92.0034.6%9.9%27.4%40.7%34.4%4.4%-0.4%-29.9M1.47B-7.4M0.951.7120,66619,597189,028330,632
2020-01-28$80.16$88.0032.3%9.2%28.8%27.1%32.4%3.6%0.3%-29.1M1.38B-7.9M0.901.4616,02314,379203,614339,517
2020-01-29$78.44$88.0031.5%8.8%29.1%22.6%30.8%3.0%1.2%-30.5M1.49B-7.5M1.161.7912,67014,634210,509342,638
2020-01-30$78.16$88.0033.1%9.4%27.2%32.0%33.0%3.5%0.5%-29.7M1.48B-7.5M0.992.0924,36724,221215,594342,429
2020-01-31$76.72$88.0037.0%10.8%27.4%54.0%36.7%4.4%0.4%-26.2M1.50B-7.4M1.452.0425,36536,811224,787343,914